Author: Ethan Carter

Main Insights:XRP approaches a historic quarterly close, reminiscent of a 2017 scenario that led to a 37,800% surge.On-chain metrics remain favorable, with MVRV Z-Score and mid-sized holders showing stability without capitulation signs.XRP (XRP) is on the verge of achieving its highest quarterly close, setting the stage for a potential rise towards $15, as suggested by analyst Milkybull Crypto.XRP Reflects 37,800% Rally Setup from 2017As of Monday—just ahead of the third quarter’s conclusion—XRP was trading around $2.86, a 28% increase over the past three months.XRP/USD quarterly price performance chart. Source: TradingViewIf XRP maintains its current level until the quarter closes, it…

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Kazakhstan has formed a state-supported crypto reserve in collaboration with Binance, marking the nation’s latest venture into digital assets.The first digital asset in the fund’s portfolio is BNB (BNB), the utility token used for transactions, fees, and governance on Binance’s blockchain, as announced on the Kazakhstan government’s website.The announcement didn’t specify how much BNB was purchased to establish the fund, nor did it provide details on potential future crypto investments.The fund, named Alem Crypto Fund, was created by the Ministry of Artificial Intelligence and Digital Development and is managed by Qazaqstan Venture Group under the Astana International Financial Centre (AIFC).“The…

Highlights:Bitcoin may test the $117,500 mark if buyers manage a daily close above $114,000.Altcoins are attempting to initiate a relief rally but are anticipated to encounter selling pressure at elevated levels.On Monday, Bitcoin (BTC) continued its recovery beyond $114,000, showcasing strong buying from bulls. BTC remains confined within a range, with analysts split on the next directional shift. Some predict a bear market, while others foresee a rise to new all-time highs.Market participants have become cautious amid BTC’s short-term uncertainty. Last week, BTC exchange-traded products (ETPs) reported $719 million in net outflows, according to CoinShares’ weekly summary. The altcoin landscape…

Recent analyses by Egrag Crypto reveal that a statistical model currently applied to XRP suggests a broad spectrum of potential outcomes—ranging from a slight increase to a significant surge. The cryptocurrency is currently trading at approximately $2.86, having decreased by around 2% in the last week, placing it near a critical juncture on a long-term trend line, according to the firm. Related Reading Let’s examine these figures: a monthly linear regression displayed on a logarithmic scale, boasting an R-squared of 0.847. This statistic is utilized to assert that the model accounts for roughly 80% of previous price movements. Monthly Regression…

Qatar National Bank Group (QNB), one of the largest banks in the Middle East, has implemented JPMorgan’s blockchain platform, Kinexys, to handle corporate payments in Qatar, as reported by Bloomberg on Monday.This change represents a significant move away from traditional banking systems, which restrict cross-border payments to weekdays and can take days to finalize.In a Bloomberg interview, Kamel Moris, QNB’s executive vice president of transactional banking, called the advancement a “treasurer’s dream,” highlighting the 24/7 service availability offered by the blockchain. “Payments can be guaranteed in as little as two minutes,” he noted.Cointelegraph attempted to contact QNB for further details…

Key takeaways:Decreasing ETH supply on exchanges hints at a potential price rally. Ethereum’s weekly DEX trading volume surged 47%, pointing to better market sentiment.Historically, ETH price typically rises by 4.77% on average. Ether (ETH) traded back over $4,000 on Monday, following a 3.5% increase in the past 24 hours. This rebound has fueled expectations of ETH resuming its upward trend in October, supported by various onchain, historical, and technical indicators.ETH/USD hourly chart. Source: Cointelegraph/TradingViewDecreasing ETH supply on exchangesAs reported by Cointelegraph, the amount of Ether on centralized exchanges has hit its lowest level since 2016, largely due to increasing institutional…

Opinion by: Lizandro Pieper, Research Director at DeFi Education Fund The concept of “right to privacy” frequently faces skepticism from those who view privacy as a privilege reserved for criminals, rather than a fundamental right for individuals seeking to live safely and with dignity. Some policymakers in Washington believe that the collection and retention of the personal data of millions of Americans benefits society, and they argue that emerging financial technologies, like decentralized finance (DeFi), should incorporate such data collection practices—or be prohibited altogether. This view overlooks the significant risks associated with creating centralized repositories of sensitive personal data. It’s…

Key points:Bitcoin may challenge the $117,500 mark if buyers achieve a daily close above $114,000.Altcoins are attempting to initiate a relief rally, but are expected to encounter selling pressure at elevated levels.Bitcoin (BTC) has continued its recovery above $114,000 on Monday, highlighting strong buying activity by the bulls. BTC is currently confined to a range, with analysts split on the forthcoming directional movement. Some anticipate a bear phase while others predict a rise to new all-time highs.Market participants are exercising caution due to BTC’s short-term unpredictability. Last week, BTC exchange-traded products (ETPs) saw net outflows amounting to $719, according to…